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EGX Technical Ananlysis and Trading RecommendationsEGX30 Technical Analysis and Trading Recommendations for Short Term & Medium-Term Traders: Analysis Summary: - The EGX30 index has shown three consecutive green Heikin Ashi candles with long wicks indicating potential bullish momentum. - The index is currently below the Kumo cloud, with the Chikou Span pointing upwards, suggesting further upward potential. - A falling wedge pattern has formed, with a target of 33,291. However, the 38.1% Fibonacci level may pose a challenge. - Expected index volatility ranges from 26,781 to 28,242, with a solid Heikin Ashi bar between 27,203 and 27,739. - The index has recently returned to the trend line after a 15-day breach. Recommendations: 1. Short-term Traders: Consider taking advantage of the current bullish momentum but be cautious near the 27,739 level for potential profit-taking. Set tight stop-loss orders to manage risk. 2. Medium-term Traders: Monitor the index for a breakout above the falling wedge pattern target of 33,291. Consider entering long positions after a confirmed breakout with a target above 33,291. 3. Sales Rally Strategy: If the index approaches the 28,242 level, consider scaling out of long positions to capture profits. Implement a trailing stop-loss strategy to protect gains in case of a reversal. Remember, trading in financial markets carries risk, and it's important to conduct thorough analysis, implement proper risk management techniques, and adapt to changing market conditions. This video is intended for educational purposes only and not as financial advice for trading decisions. It aims to provide insights into technical analysis concepts and strategies. Full Disclaimer: "The information provided in this video is for educational purposes only and should not be considered as financial advice. Trading and investing in financial markets carry inherent risks, and individuals should conduct their own research or consult with a qualified financial advisor before making any investment decisions. The content presented in this video is for informational purposes and does not guarantee any specific results or outcomes. The creators of this video do not assume any responsibility for financial decisions made based on the information provided. Viewers are encouraged to exercise caution, practice due diligence, and be aware of the risks involved in trading and investing."
EGX:EGX30
by ICHIMOKUontheNILE
Market Analysis: XAUUSD and EGX30 Performance Market Analysis: XAUUSD and EGX30 Performance amid Liquidity Concerns, Corridor Rate Speculations, and Geopolitical Influences Recent market observations indicate that the XAUUSD (Gold/USD) is experiencing a significant upward trend, potentially reaching new record highs. Conversely, the EGX30 index, whether evaluated in Egyptian Pounds (EGP) or USD, is currently facing substantial liquidity shortages. This disparity highlights critical trends in the local financial markets, influenced by both domestic and international factors. Central Bank Policies and Corridor Rate Speculations: Circulating rumors suggest that the central bank might choose to maintain the current corridor rate or possibly reduce it. Such monetary policies could have notable implications for the economy. Specifically, a reduction in the corridor rate may result in a leakage of money supply from the banking system. This excess liquidity could subsequently flow into alternative investment avenues such as the local physical gold market or the EGX30 index. Geopolitical Influences: Globally, geopolitical tensions have been on the rise, including ongoing conflicts in the Middle East, trade disputes between major economies like the US and China, and political instability in various regions. These issues contribute to the uncertainty in the global financial markets, often driving investors towards safe-haven assets like gold. Additionally, the fluctuations in oil prices due to geopolitical instability directly affect economies like Egypt, where energy imports constitute a significant part of national expenditure. Historical Example: Post-2008 Financial Crisis Context: After the 2008 financial crisis, central banks worldwide, including the Federal Reserve in the United States, implemented significant monetary easing policies. This period saw historically low interest rates and large-scale asset purchases (quantitative easing, or QE). Parallel Events 1. Surge in Gold Prices: - The uncertainty in global markets and concerns about fiat currencies led to a surge in gold prices. Investors flocked to gold as a safe-haven asset amid fears of inflation and currency devaluation. - By 2011, gold prices soared to record levels above $1,900 per ounce, reflecting a trend of increasing demand for physical gold as a hedge against economic instability and geopolitical risk. 2. Equity Market Performance: - In emerging markets, including Egypt, stock indices like the EGX30 experienced variable performance. The liquidity injected into the financial system often bypassed stock markets in these regions, leading to periods of underperformance. - The EGX30 index, for instance, faced challenges during certain periods post-2008 due to political instability, economic reforms, and regional geopolitical tensions, which affected investor confidence and liquidity flows into the market. Policy Decisions: - Central Bank Actions: - Central banks worldwide, faced with the dual mandate of stimulating growth and controlling inflation, kept interest rates low for extended periods. The Federal Reserve, for example, maintained near-zero interest rates and continued its bond-buying program until 2014. - In Egypt, the Central Bank of Egypt (CBE) also made critical rate decisions, including rate cuts aimed at stimulating economic activity, which had implications for liquidity distribution across different asset classes. Impact on Markets: - **Gold Market:** - The policies led to increased money supply in the global economy, which, combined with economic and geopolitical uncertainty, bolstered the demand for gold. The gold market thrived as investors sought refuge from volatile stock markets and potential inflationary pressures. - **Stock Market (EGX30):** - The EGX30 and similar indices in emerging markets struggled with liquidity issues as investors prioritized safer or higher-yielding assets abroad or in commodities like gold. - Any central bank decision to adjust interest rates would have a direct impact on the flow of money, often leading to short-term capital flight from equities when rates were cut, as investors searched for higher returns or more stable investments. **Conclusion:** The post-2008 scenario illustrates how central bank policies, particularly regarding interest rates, can lead to a reallocation of assets from stock markets to commodities like gold. The performance of the EGX30 during this period was influenced by global monetary trends, domestic economic conditions, and significant geopolitical events. This interconnectedness of liquidity, investor behavior, market performance, and geopolitical dynamics underscores the complex nature of financial markets.
EGX:EGX30
by ICHIMOKUontheNILE
All Roads Leads to RomeIf you wish to analyze the index using traditional Japanese candles and Heikin-Ashi candles, and compare that using Bollinger Bands, Elliott Waves, Fibonacci series, and Ichimoku Kinko Hyo indicators. And you want to conduct the analysis on various time frames including daily, hourly, and every five minutes to discover the confluence between these indicators, you will find what pleases you in this tutorial video. #traders4traders ***This channel is intended for educational purposes only and should not be construed as an investment proposal. Disclaimer: The content provided is for Educational purposes only. It should not be interpreted as legal, tax, investment, financial, or any other form of advice. Investing in stocks carries inherent risks and may lead to potential losses, including the loss of principal. It's important for investors to recognize that past performance does not guarantee future returns, and market fluctuations can impact investment value. Stocks discussed here are not synonymous with, nor should they be seen as a replacement for time deposits or similar saving instruments. Investing in securities of smaller companies may involve higher risks compared to larger, more established firms, possibly resulting in substantial capital losses. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall I be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView
EGX:EGX30Education
by ICHIMOKUontheNILE
The Challenges of Stop Loss Orders: Lessons from CCAPThe Challenges of Stop Loss Orders: Lessons from CCAP's Volatile Stock Performance Stop loss orders are not foolproof due to several inherent limitations, one of which includes the potential for rapid and unexpected market movements. For example, the stock of CCAP has demonstrated this limitation distinctly; on three separate occasions, CCAP's stock price hit the 2.7 EGP level, which was set as a stop loss. Instead of continuing to decline, each time the stock price reached this threshold, it subsequently gained momentum and increased in price. This illustrates a key challenge with stop loss orders: they may execute based on temporary price dips that do not reflect the stock’s overall trajectory. In the financial world, stop loss orders are generally used to limit potential losses on a position. However, these orders can sometimes lead to premature exits from trades. This can be particularly frustrating in volatile markets where prices fluctuate widely and quickly. In the case of CCAP, each time the price touched the 2.7 EGP stop loss level, it activated the sell orders. However, since the price then moved upwards instead of continuing to fall, those who had set the stop loss might have sold their shares only to see the price recover and increase shortly afterwards, thus missing out on potential gains. Another limitation of stop loss orders—and once again exemplified by the experience with CCAP’s stock—is the occurrence of "whipsaw" patterns where the price briefly dips to trigger the stop loss and then reverses strongly. This action can often be triggered by market noise or minor corrections rather than substantial shifts in the market fundamentals. For CCAP stock, hitting the 2.7 EGP stop loss multiple times and then rebounding highlights how setting stop loss orders at this level would not have been an effective strategy for someone looking to mitigate risk since it resulted in potential missed opportunities for gain each time. Thus, while stop loss orders can be a useful tool for managing financial risk, they are not foolproof and should be used thoughtfully, considering the specific conditions and volatility of the stock involved. In instances like that of CCAP, where the stock demonstrates a pattern of rebounding after hitting a common stop loss level, investors may need to reassess their approach to setting such orders.
EGX:EGX30
by ICHIMOKUontheNILE
The Challenges of Stop Loss Orders: Lessons from CCAPThe Challenges of Stop Loss Orders: Lessons from CCAP's Volatile Stock Performance Stop loss orders are not foolproof due to several inherent limitations, one of which includes the potential for rapid and unexpected market movements. For example, the stock of CCAP has demonstrated this limitation distinctly; on three separate occasions, CCAP's stock price hit the 2.7 EGP level, which was set as a stop loss. Instead of continuing to decline, each time the stock price reached this threshold, it subsequently gained momentum and increased in price. This illustrates a key challenge with stop loss orders: they may execute based on temporary price dips that do not reflect the stock’s overall trajectory. In the financial world, stop loss orders are generally used to limit potential losses on a position. However, these orders can sometimes lead to premature exits from trades. This can be particularly frustrating in volatile markets where prices fluctuate widely and quickly. In the case of CCAP, each time the price touched the 2.7 EGP stop loss level, it activated the sell orders. However, since the price then moved upwards instead of continuing to fall, those who had set the stop loss might have sold their shares only to see the price recover and increase shortly afterwards, thus missing out on potential gains. Another limitation of stop loss orders—and once again exemplified by the experience with CCAP’s stock—is the occurrence of "whipsaw" patterns where the price briefly dips to trigger the stop loss and then reverses strongly. This action can often be triggered by market noise or minor corrections rather than substantial shifts in the market fundamentals. For CCAP stock, hitting the 2.7 EGP stop loss multiple times and then rebounding highlights how setting stop loss orders at this level would not have been an effective strategy for someone looking to mitigate risk since it resulted in potential missed opportunities for gain each time. Thus, while stop loss orders can be a useful tool for managing financial risk, they are not foolproof and should be used thoughtfully, considering the specific conditions and volatility of the stock involved. In instances like that of CCAP, where the stock demonstrates a pattern of rebounding after hitting a common stop loss level, investors may need to reassess their approach to setting such orders.
EGX:EGX30
by ICHIMOKUontheNILE
EDUCATIONAL: Creating ConfluenceUsing different time frames and indicators is a key aspect of a well-rounded trading strategy. By analyzing an asset across various time frames, traders can identify larger trends and shorter-term price action. Higher time frames provide a broader context, while lower time frames offer more detailed data on potential entry and exit points. Combining technical indicators such as linear regression, Bollinger Bands, Elliott Wave, Fibonacci retracements, and Ichimoku Kinko Hyo enhances your confluence and confirms trends or reversal points across different time frames. This approach offers a more comprehensive analysis of market trends and potential price movements. Confluence occurs when multiple indicators and time frames align, increasing the probability of a successful trade. For example, if a trend is confirmed across several indicators and time frames, it suggests that the trend may be more reliable. Traders should also be aware of conflicting signals that might arise from different time frames or indicators. In such cases, you must prioritize your decisions based on your trading strategy and risk tolerance. This educational video will guide you on developing your confluence using the mentioned indicators and time frames. Larger time frames draw the bigger picture, while lower frames provide baby steps toward the bigger frame. Additionally, you might find confluence in smaller time frames that could override other indicators on bigger time frames. In summary, incorporating different time frames and indicators improves the quality of your analysis and leads to more informed and strategic trading decisions -------///// When faced with conflicting signals from different time frames or indicators, prioritizing decisions can be challenging. Here are some strategies to help you navigate these situations and make informed trading choices: Favor Higher Time Frames: Generally, higher time frames (e.g., daily, weekly) provide a broader context and are more reliable in identifying the overall market trend. When signals conflict across time frames, prioritize the signals from higher time frames as they represent longer-term market movements. Confirm with Multiple Indicators: Look for confluence among various technical indicators. When multiple indicators align in support of a trend or reversal, the likelihood of the market moving in that direction increases. Conversely, if indicators disagree, exercise caution and avoid trading until the signals are clearer. Risk Management: In cases of conflicting signals, adjust your position size and risk exposure accordingly. Reducing your risk can help protect your capital from potential losses due to market volatility. Wait for Clarity: If signals are ambiguous or contradictory, it may be wise to wait for more definitive price action before making a decision. Avoid impulsive trades based on uncertain signals. Use Price Action: In addition to indicators, consider using price action (e.g., support and resistance levels, candlestick patterns) to guide your decisions. Price action can provide additional context and may help confirm or negate signals from indicators. Set Clear Entry and Exit Points: Define clear entry and exit points based on your analysis and stick to your trading plan. This discipline can help you navigate conflicting signals more effectively. Keep an Eye on Market Sentiment: Market sentiment can offer additional insights into potential market movements. For example, extreme bullishness or bearishness can signal a potential reversal, even if indicators show conflicting signals. Stay Flexible: Be prepared to adapt your strategy as market conditions change. Flexibility can help you navigate conflicting signals and adjust your positions accordingly. By employing these strategies, you can manage conflicting signals more effectively and make informed decisions that align with your overall trading strategy and risk tolerance.
EGX:EGX30Education
by ICHIMOKUontheNILE
Technical Trading Analysis ReportTechnical Trading Analysis Report: Chart Analysis: The day's trading session concluded with a strong green bar displaying a notable long wick, as the market index tested the neckline of a head and shoulders pattern. Notably, today's session marks the 10th consecutive session since the index's recent peak. Price action indicates a traditional candlestick price of 26,113, with a corresponding Heikin Ashi price at 25,669. However, concerns emerge given the persisting low trading volume and the index's positioning below the 26-day Moving Average. While potentially entering wave 5 of the Elliot Wave cycle, the index exhibited resilience by breaching the lower Bollinger Band. Albeit, the current price level of 26,113 falls notably short of the middle band at 27,852. A positive trend is observed in the Chikou Span, despite the index remaining beneath a bearish cross at 27,147, marking a 3.95% decrease. Further insights are gained from analyzing the Senko Span B level, which currently stands at 30,357, signaling a 16.2% uptrend. A pivot to a safe haven may trigger upon the occurrence of a bullish TK cross and a concurrent rise in the Chikou Span, even if the index persists below the Kumo cloud. Additionally, the index's price wick has interacted with the lower band of the linear regression, while the Senko Span B is anticipated to maintain a flat trajectory until June 2nd, followed by a subsequent 46-degree downward trend of Senko Span A. Key Observations: The current market sentiment reflects a cautious environment. Despite initial bullish indications through breaching the lower Bollinger Band and challenging the head and shoulders pattern's neckline, notable concerns persist. Of specific note is the low trading volume, suggesting wavering market participant conviction, alongside the index's subordination to the 26-day Moving Average, implying a nuanced bearish sentiment. While the Elliot Wave theory hints at potential bullish momentum, highlighted by the breach of the lower Bollinger Band, caution is advised due to the bearish cross below 27,147 and the Senko Span B's forecasted stagnation until June 2nd. In light of the nuanced market conditions, traders looking to engage in daily or same-day trading should exercise selectivity. Prioritizing stocks with strong fundamentals, positive momentum, and potentially high Price-to-Earnings (P/E) ratios could be a strategic approach. Comprehensive research on individual stock attributes, earnings reports, industry trends, and prevailing market sentiment is essential for informed decision-making. Identifying stocks exhibiting relative strength against market uncertainties can also be beneficial for traders seeking stability amidst market fluctuations. Ultimately, a structured trading strategy emphasizing defined entry and exit points, coupled with effective risk management practices, is imperative for optimizing trading outcomes and mitigating potential losses.
EGX:EGX30
by ICHIMOKUontheNILE
Gloomy Trades and Doji Dilemmas : The Market Mysterious DanceEGX30 has sustained a downward trend for eight consecutive days, marked by prominent long red Heikin Ashi bars. This pattern has recently shifted to a red doji, hinting at a potential market reversal due to the apparent indecision among both buyers and sellers. Moreover, the trading volume has dwindled, dipping below the 26-day Exponential Moving Average (EMA), indicating a possible lack of robust market participation. The transition from a sequence of extended red Heikin Ashi bars to a doji suggests the potential for a reversal in the current trend. The appearance of a doji candlestick signifies market uncertainty, where neither buyers nor sellers hold a definitive advantage. This change in candlestick pattern could signal a shift in market momentum, particularly following an extended period of decline. Moreover, the decline in trading volume beneath the 26-day EMA serves as further confirmation of diminished market participation at this juncture. Reduced trading volume may reflect waning interest and a weaker commitment from market participants in the present trend. Taken together, the emergence of a doji following a series of prolonged red bars, coupled with the dwindling trading volume under the 26-day EMA, suggests a shift in market sentiment towards neutrality or indecision. This setting might present opportunities for a potential market reversal or consolidation in the near term, as both buyers and sellers show hesitance in forcefully driving the market in any singular direction.
EGX:EGX30
by ICHIMOKUontheNILE
1
EGX30_Analysis of EGX30 Performance on H1 Time Frame The EGX30 results appear promising on initial examination. However, it is important to note that the Simple Moving Average (SMA) over 200 days is currently at 23,900 EGP. This level is critical, as it is required to motivate market makers to begin repurchasing their hedges. As long as the index remains above(Weeklly (SMA) is 23,000 EGP, the market outlook remains bullish. Additionally, we could see a short squeeze if there's edgy price action as illustrated.
EGX:EGX30Long
by maminpip
Breaking News: Markets Shocked by Lack of Shock in EGX30 IndexOn a daily time frame, the EGX30 index remains bearish with low volume and value being evident. The average value per hour is around 450 million. There is a notable difference between the traditional candlestick chart and the Heikin Ashi chart, primarily due to the specific calculation method of Heikin Ashi (Holcomb divided by 4). Looking closer at the one-hour time frame, the index shows positivity on both Ichimoku and Bollinger Bands. However, it's essential not to be overly optimistic as the EGX30 index has not yet surpassed the head and shoulders neckline at 25,192. If you need further analysis or have any specific questions, feel free to ask!
EGX:EGX30
by ICHIMOKUontheNILE
1
Symphony of Clouds, Bands, and Waves for the Perfect RallyEGX30: A Symphony of Clouds, Bands, and Waves for the Perfect Rally The analysis of the EGX30 market rally integrates several key technical indicators: Ichimoku cloud, Bollinger Bands, and Elliott Wave theory. This synthesis provides a comprehensive understanding of the market's current condition and potential trajectory. 1. Ichimoku Cloud Analysis: • The Ichimoku cloud (Kumo) indicates a bearish market, with the EGX30 trading below the green Kumo cloud. • The Chikou Span is trending downward, suggesting a potential continuation of the downward trend. There are no immediate obstacles to its descent. • The Tenkan Sen is positioned below the Kijun Sen and is crossing downward past the recent bar, signaling a potential sell-off. A red Kumo cloud ahead suggests sustained downward pressure. 2. Bollinger Bands Analysis: • The EGX30 has moved above the lower Bollinger Band, signaling a potential reversal from oversold conditions. • This movement suggests an initiation of an upward trajectory or market reversal, likely marking the end of downward pressures. 3. Elliott Wave Analysis: • USD Analysis: The index's move beyond Elliott Wave correction wave a suggests a potential shift from a bearish to a bullish phase. This transition may indicate an initiation of either a new impulse wave or a continuation of corrective waves b and c. • EGP Analysis: The EGP-denominated EGX30 remains in Elliott Wave 4, a correction phase characterized by consolidation and ambiguity. However, crossing above the lower Bollinger Band during this phase suggests relief from significant selling pressures, potentially signaling the beginning of stabilization or transitioning to Impulsive Wave 5. Market Rally Description: • Potential Market Shift: Given the integration of the Ichimoku cloud, Bollinger Bands, and Elliott Waves, there are signs that the market may be shifting from a bearish to a bullish phase. • Upside Potential: The EGX30's movement above the lower Bollinger Band, combined with potential transitions in Elliott Wave correction, indicates the possibility of an upward market rally. • Key Resistance Levels: Market participants should monitor the next resistance levels provided by the upper Bollinger Band and the Ichimoku cloud. These levels could present obstacles to the rally and potential reversal points. • Risk Management: Traders should use the Ichimoku cloud's positioning and Bollinger Bands' levels as guideposts for setting stop-loss orders and managing risk. • Market Sentiment and Strategy: The EGX30's current trajectory suggests a potential rally, but caution should be exercised. Traders may look for confirmations from other indicators, such as volume and momentum oscillators, before making significant market moves. When considering the EGX30 market rally from different investment perspectives—daily traders, mid-term traders, and long-term investors—it's important to adjust the analysis to suit each group's time horizon and risk tolerance. Below is an explanation of the rally for each type of investor: Daily Traders: • Focus on Short-Term Price Movements: Daily traders should pay close attention to short-term signals from the Ichimoku cloud, Bollinger Bands, and Elliott Waves. • Ichimoku Cloud: Watch for changes in the position of the price relative to the green and red Kumo clouds. Moves above or below the clouds can signal potential trend changes. • Bollinger Bands: Monitor the price relative to the upper and lower Bollinger Bands for potential overbought or oversold conditions, respectively. Price movements outside these bands can indicate opportunities for entry or exit points. • Elliott Waves: Track the waves for potential reversal points or the start of new impulsive or corrective phases. • Risk Management: Utilize tight stop-loss orders and profit targets based on key support and resistance levels to manage risk and lock in gains quickly. Mid-Term Traders: • Identify Trend Changes: Mid-term traders should focus on shifts in the overall trend, particularly those indicated by the Ichimoku cloud and Elliott Waves. • Ichimoku Cloud: The positioning of the Tenkan Sen, Kijun Sen, and Chikou Span can help identify medium-term trend shifts and potential buying or selling opportunities. • Elliott Waves: Look for transitions between different waves (corrective or impulsive) as potential entry or exit signals. Monitoring wave structures can provide insights into the market's longer-term direction. • Bollinger Bands: Use Bollinger Bands to gauge potential trend reversals and areas of consolidation that may signal entry points for medium-term positions. • Patience and Timing: Mid-term traders should be patient and wait for confirmations of trend changes before taking positions. Long-Term Investors: • Monitor Overall Market Sentiment: Long-term investors should consider the overall market trend and sentiment, as indicated by the Ichimoku cloud and Bollinger Bands. • Ichimoku Cloud: Long-term investors should focus on the broader trend signals from the Kumo cloud, paying attention to shifts from bearish to bullish conditions and vice versa. • Bollinger Bands: Look for sustained trends that stay within the upper and lower Bollinger Bands. Significant movements outside these bands may signal long-term shifts in the market. • Elliott Waves: Consider the larger wave structure (e.g., higher-degree impulsive or corrective waves) to understand the market's long-term direction. • Portfolio Diversification: While the rally may offer opportunities, long-term investors should prioritize diversification and risk management to mitigate potential market downturns. In conclusion, while the current technical signals suggest a potential rally, it is essential to remain vigilant and incorporate other forms of analysis for confirmation. This holistic approach can help traders navigate the market effectively and capitalize on emerging opportunities. #traders4traders ***This channel is intended for educational purposes only and should not be construed as an investment proposal. Disclaimer: The content provided is for Educational purposes only. It should not be interpreted as legal, tax, investment, financial, or any other form of advice. Investing in stocks carries inherent risks and may lead to potential losses, including the loss of principal. It's important for investors to recognize that past performance does not guarantee future returns, and market fluctuations can impact investment value. Stocks discussed here are not synonymous with, nor should they be seen as a replacement for time deposits or similar saving instruments. Investing in securities of smaller companies may involve higher risks compared to larger, more established firms, possibly resulting in substantial capital losses. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall I be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView.
EGX:EGX30
by ICHIMOKUontheNILE
Is Superman coming to rescue the EGX30 from its skid row woes?"EGX30: The Epic Adventures of Market Mayhem and Superman's Potential Rescue!" Summary: In a whirlwind of chaos, the EGX30 market faced crashes, outages, and blackouts while institutions sold stocks, leading to a 10% loss in just four days. Will Superman save the day as the market teeters on the brink of collapse at 24,400 points? Stay tuned for this epic financial rollercoaster! ————— In a series of unfortunate events that even Lemony Snicket couldn't have predicted, the EGX30 market has been on a rollercoaster ride to financial chaos! Thursday's market crash, fueled by institutional sales, was just the beginning of a string of mishaps that would make Murphy proud. Just when traders thought they could catch their breath after the Thursday storm, Sunday brought an unexpected plot twist - an internet outage that sent the market spinning like a confused office chair. As if that wasn't enough, yesterday's electricity blackout plunged the market into darkness, leaving traders feeling like they were in a financial skid row. But wait, there's more! Today, in a plot twist that even M. Night Shyamalan would envy, the institutions rallied yet again to sell stocks, triggering another 5% market collapse. In just four trading days, the index has lost over 10% - a feat that would make even the most hardened traders reach for their stress balls. The million-dollar question on everyone's minds now is: Will this saga continue until we hit the elusive 24,400 points, or will Superman swoop in to save the day? Will he bring with him a cape made of bullish trends and a utility belt full of market-saving strategies? Only time will tell in this epic tale of financial turmoil and potential superhero interventions. Stay tuned for the next thrilling installment of "EGX30: Market Madness and the Quest for Superman!"
EGX:EGX30
by ICHIMOKUontheNILE
EGX30 has a sour and bitter quality, akin to coleslaw EGX30 buyers are absent and the trend has been broken, as evidenced by the Senkou Span B. The next target is 27,700. The 52-period EMA (28,622) and the middle line of the Bollinger Bands (28,583) intersect today's bar. Meanwhile, the Chikou Span (28,435) is experiencing a rollercoaster ride. The Tenkan Sen (28,919) is applying pressure, pushing EGX30 down, while the Kijun Sen (29,833) observes the situation. The next stop will involve exiting the linear regression lower line at 27,763, with a possible halt at the lower Bollinger Band (27,318), also known as the truckers' rest area. The final stop on the journey, marked by the end of Elliott Wave (c), is projected at 25,013. Given that put options are not available in the Egyptian stock market, here are some alternative strategies for EGX30 traders in a bearish market situation: 1. Reduce Exposure: Consider reducing your exposure to the market by selling positions to protect your capital from further losses. 2. Hold Cash: Keeping a portion of your portfolio in cash can provide flexibility and readiness to capitalize on future opportunities once the market stabilizes. 3. Rebalance Your Portfolio: Assess your portfolio and consider reallocating assets to more defensive sectors or less volatile investments. 4. Look for Defensive Stocks: Consider investing in companies that tend to perform better during economic downturns, such as utilities, consumer staples, and healthcare. 5. Wait for Market Stability: Avoid making impulsive trades and wait for the market to show signs of stabilization before making significant moves. 6. Focus on Fundamental Analysis: During bearish markets, focusing on fundamental analysis can help you identify undervalued stocks with strong long-term prospects. 7. Use Technical Analysis: Utilize technical analysis to identify key support levels and potential reversal points to make informed trading decisions. 8. Stay Informed: Monitor economic and political news that could impact the market, as well as any company-specific news for your holdings. 9. Set Stop-Loss Orders: Set stop-loss orders to limit potential losses and protect your positions from significant downturns. 10. Consider Long-Term Investing: If you have a long-term investment horizon, consider holding quality stocks and weathering the market downturn. Traders should carefully assess their own risk tolerance and trading strategy while considering the specific market conditions. Disclaimer: The content provided is for Educational purposes only. It should not be interpreted as legal, tax, investment, financial, or any other form of advice. Investing in stocks carries inherent risks and may lead to potential losses, including the loss of principal. It's important for investors to recognize that past performance does not guarantee future returns, and market fluctuations can impact investment value. Stocks discussed here are not synonymous with, nor should they be seen as a replacement for time deposits or similar saving instruments. Investing in securities of smaller companies may involve higher risks compared to larger, more established firms, possibly resulting in substantial capital losses. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall I be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView
EGX:EGX30Short
by ICHIMOKUontheNILE
SWEETNESS OF THE SOUL BEFORE THE DEEP DIVE TO wave cTomorrow's session titled "Sweetness of the Soul Before the Deep Dive to End the Correction Wave (c)," we've set our target projections between 28,900 and 30,200. Based on the Ichimoku Kinko Hyo analysis, current trends for the EGX30 do not show positive signals. The index is submerged deep within the Kumo, with the Kijun Sen exerting downward pressure, making it difficult to exit the cloud. This is further supported by the downward trajectory of the Chikou Span. Additionally, the EGX30's failure to sustain its upward momentum coincides with the conclusion of Elliott Wave (b) and the commencement of Wave (c). For a more comprehensive technical analysis that goes beyond the basics to include Bollinger Bands, Elliott Waves, and more, please view the detailed video provided. #traders4traders ***This channel is intended for educational purposes only and should not be construed as an investment proposal. Disclaimer: The content provided is for Educational purposes only. It should not be interpreted as legal, tax, investment, financial, or any other form of advice. Investing in stocks carries inherent risks and may lead to potential losses, including the loss of principal. It's important for investors to recognize that past performance does not guarantee future returns, and market fluctuations can impact investment value. Stocks discussed here are not synonymous with, nor should they be seen as a replacement for time deposits or similar saving instruments. Investing in securities of smaller companies may involve higher risks compared to larger, more established firms, possibly resulting in substantial capital losses. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall I be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView
EGX:EGX30
by ICHIMOKUontheNILE
EGX30EGX30 is trading in the KUMO & Inflated. volume is soaring & Value is inflated .. confirmation for the recovery is as follows: 1- One Solid Green Bar (Marubuzo) above 28,400 level 2- Exiting the KUMO 3- Tenken sen is below the Marubuzo ANALYSIS in this video is based on Ichimoku & Elliot Waves Disclaimer: The content provided is for informational purposes only. It should not be interpreted as legal, tax, investment, financial, or any other form of advice. Investing in stocks carries inherent risks and may lead to potential losses, including the loss of principal. It's important for investors to recognize that past performance does not guarantee future returns, and market fluctuations can impact investment value. Stocks discussed here are not synonymous with, nor should they be seen as a replacement for time deposits or similar saving instruments. Investing in securities of smaller companies may involve higher risks compared to larger, more established firms, possibly resulting in substantial capital losses.
EGX:EGX30
by ICHIMOKUontheNILE
Wave (a) might reach Senko Span BThe correction wave A for the EGX30 index appears to be ongoing as it has broken Senko Span A, with a potential target of reaching Senko Span B at 27280 bars. It is evident, even to those less familiar with Elliott Wave theory, that the current wave cycle has concluded, primarily due to the break in the existing trend. Some observers may be unwilling to accept this reality and continue to believe in the continuity of the current trend, despite evidence suggesting otherwise. Finally, the probability of a breakout is dependent on New Money.
EGX:EGX30Short
by ICHIMOKUontheNILE
Wave 2 didn’t end yetBased on today's performance, SenkoSpan B serves as a key support level for the EGX30, aligning with the 23.8% Fibonacci retracement. Wave 3 begins when reaching 27,000 Bar, expect couple of bumps. It's disheartening, but hopeful trading can sometimes be a delusion. The DotCom bubble's commemorative date is March 10, coinciding with the devaluation bubble. The EGX30 in USD exposed the EGX30 in EGP's burn rate, influenced by COMI & TMGH. The prices of USD-hedged stocks reflect the 24,000 bar prices. This situation represents a potentially bursting bubble. Regrettably, incidents of friendly fire can occur due to miscommunication, misidentification, or errors during intense and chaotic scenarios.
EGX:EGX30Short
by ICHIMOKUontheNILE
Correction didn’t endBearish sentiment is flying around. There is no logic behind today’s market crash other than Margin Call from brokerage firms. Hopefully tomorrow will be the last correction day . Correction wave(A) might end, Senko Span (A) will slightly decline. This is confirmed by Chikou span. For the next 9 consecutive period, an upward trend is more likely to occur. EGX 30 is still up trending; chikou span is higher than the previous 26 day bar. 27750 mark can be reached, however, the 28500 is more likely to be reached in the first 1H. Tomorrow’s closing price is most likely to be equal to = today’s closing price Less (Thursday closing price - Sunday’s closing price) Can you do the math? Please challenge my idea, and correct me if I am wrong.
EGX:EGX30Short
by ICHIMOKUontheNILE
EGX30 1H time frame:target remains 33750 points.EGX30 1H time frame:target remains 33750 points. You will find R & S on the chart (Red& turquoise lines). Senko Span A is upward; however; in the very near future, EGX will consolidate. Senko Span B is flying upward. EGX30 reached the entry point where it broke out. 30461 point is a main support point. To conclude EGX30 $ represent best value for money. This is witnessed by foreigners net sales. However trading value in EGP 5.5b EGP is equal 110M$. This is poor performance ( equal to 3.4b EGP before the devaluation) New cash injection will drive the EGX30. EGX30 performance for locals is similar to Las Vegas Circus Circus but for foreigners is Walmart, low cost supermarket. New cash will be injected. All stocks are cheap in EGP,and Best Buy in USD. in sha’a Allah tomorrow, Market will rebound.
EGX:EGX30
by ICHIMOKUontheNILE